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Online "microlender" is reaching out to low-income entrepreneurs in the United States.Views: 638
Jun 11, 2009 10:46 pmOnline "microlender" is reaching out to low-income entrepreneurs in the United States.#

Reg Charie
Kiva.org has spent the past 3 1/2 years raising money on the Internet to finance destitute entrepreneurs in 44 impoverished countries. Now in a sign of the economy's spreading despair, the online "microlender" is reaching out to low-income entrepreneurs in the United States.

The expansion kicks off Wednesday when Kiva will let needy U.S. small businesses vie for funding alongside a melting pot of cash-starved entrepreneurs that includes everything from a Cambodian fisherwoman to a Moldovan butcher to a Bolivian taxi driver.


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Private Reply to Reg Charie

Jun 12, 2009 1:30 pmre: Online "microlender" is reaching out to low-income entrepreneurs in the United States.#

Teddy Towncrier

As an unsophisticated young fella' finding his way in the world.  Too frequently; All that stood between having a rustle in my pocket and being able to answer the door and telephone was a couple of hundred dollars for supplies.

My core business didn't lend itself to supplementing cash flow with a side job since service requirements could be required at odd times and frequently on short notice.

A micro-lender such as Http://Kiva.org would have been a tremendous help for greasing the rails.

Too bad this initiative is US only.  We need Kiva in Canada since some business' is closing some departments and moving fabrication to their markets in order to continue supplying customers in markets which are pursuing a "Buy Local" policy.

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